OKX founder Star Xu discusses Hyperliquid design and finance convergence

OKX founder Star Xu has highlighted the technical advantages of the decentralized exchange Hyperliquid, noting its market-maker-friendly design. During an interview, Xu explained that Hyperliquid’s match engine operates on a block-by-block basis rather than an order-by-order basis used by centralized exchanges. This structure allows for different priorities, such as prioritizing cancellation orders, which provides a more seamless experience for traders and better liquidity for low-volume assets.

Separately, Xu commented on the increasing convergence between cryptocurrency and traditional finance. He observed that crypto companies are adopting characteristics of traditional financial institutions, while traditional finance is increasing its investment in crypto assets. This trend follows a recent funding extension for OKX that valued the company at $25 billion, attracting significant interest from traditional financial players.